Analyzing Market Sentiments and Position Shifts in the Latest COT Report

Latest Commitments of Traders (COT) report, April 23, 2024 (17th report of the year) the cut-off date.

COT Dashboard (Non Commercials) The below currencies saw an addition or cut in the  non-commercials.

1. 1. EUR: Net positions in EUR turned into shorts (9,989 contracts / 181.7%), previously long with 12,224 contracts. This marks the first time EUR has seen shorts since September 2022.
   2. JPY: Short positions (8.6%) in JPY were added, marking the largest since mid-2007.
   3. GBP: The GBP observed its first short position (26,233 / 404.4%) contracts since November 2023, having been long with 8,619 contracts earlier.
   4. CHF: 17.5% short positions added,this is the biggest short since 2018.

Below is the stacked barchart for the Non Commercia

1. Commodities have net long positions
2. USD, EUR, and GBP are on the mixed side
3. Antipodeans and US10Y are leaning towards the shorts side

Sources:
https://www.cftc.gov/MarketReports/CommitmentsofTraders/HistoricalCompressed/index.htm
Forex Source